Financials
- Financial year
- 2025
- Total assets
- €4.3m
- Profit
- €672,588
- Solvency
- 24.7%
Total assets▲ 104%
Net result
20232025
M&S ASSOCIES
ActiveSummary
M&S ASSOCIES has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €672,588. Equity is growing by about 122% per year across the filed financial years. Its solvency ranks better than 46% of 17,042 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
Activity
Buying and selling of own real estate
NACE 68110Renting and operating of own or leased residential real estate, excluding social housing NACE 68201
1 site
Size
€4.3mtotal assets 2025
- Equity
- €1.1m
- Profit
- €672,588
Turnover not published (micro format)
Structure
2025 accounts filed 28 days late2 of 3 deeds summarised
Why 65raises risk2 changes of registered office in 24 monthsLiquidity: current ratio 1.40, cash €96,660lowers riskSector: Real estate activities (NACE 68)Size: total assets €4.3mShow the evidence
Checked score
Score 2025
65
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 62% of its sector peers (NACE 68, small)
Financial strength · tick = 2024
Average
Solvency
50+7
equity 24.7% of total assets
Liquidity
15+7
short-term debt 69.9% · cash 2.3%
Profitability
88+4
return on assets 15.7%
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024lowest value
01-2025: 0.3%▲ +0.2 percentage points vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.4%▲ +0.1 percentage points vs 04-2025
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.9%▲ +0.4 percentage points vs 07-2025
09-2025: 0.4%▼ -0.5 percentage points vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 1.8%▲ +1.4 percentage points vs 10-2025
12-2025: 1.8%● unchanged vs 11-2025
01-2026: 1.8%● unchanged vs 12-2025
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 1.8%● unchanged vs 02-2026
04-2026: 1.9%▲ +0.1 percentage points vs 03-2026
05-2026: 2.0%▲ +0.1 percentage points vs 04-2026
06-2026: 2.0%● unchanged vs 05-2026
07-2026: 1.9%▼ -0.1 percentage points vs 06-2026
08-2026: 2.6%▲ +0.7 percentage points vs 07-2026highest value
09-2026: 1.3%▼ -1.3 percentage points vs 08-2026
10-2026: 1.3%● unchanged vs 09-2026
Credit of up to €65,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.4, compared with 1.19 in 2024, below the usual 1.5; short-term debt: 69.9% and cash: 2.3% of total assets), and 75.3% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small): better than 44% on solvency, 13% on liquidity, 96% on profitability and 96% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
28 days late
2024
29 days late
2023
8 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 22 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2023 to 2025net €672,588 ▲157%
- Equity above €1mequity €1.1m ▲176%
Key points
By topic
Timeline
- Events
- 9
- Since
- 2024
- Next accounts
- by 31-07-2027
- 07-10-2025Registered office
- 29-08-2025Annual accounts filed
- 31-12-2024Liquidity more than quadruples
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Buying and selling of own real estateNACE 68110
- Founded
- 07-11-2022
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Key facts about M&S ASSOCIES
- What is the company number of M&S ASSOCIES?
- 0793.343.402. In Belgium the VAT number is the company number with BE in front: BE 0793.343.402.
- Where is M&S ASSOCIES based?
- The registered office is at Rue de l'Yser(TOU) 22, 7500 Tournai.Company details
- What does M&S ASSOCIES do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of M&S ASSOCIES?
- Private limited company (BV).
- When was M&S ASSOCIES founded?
- On 07-11-2022.
- Is M&S ASSOCIES still active?
- Yes, M&S ASSOCIES is an active enterprise in the KBO register.
- What is the turnover of M&S ASSOCIES?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is M&S ASSOCIES profitable?
- In financial year 2025, M&S ASSOCIES made a profit of €672,588.
- Where can I find the annual accounts of M&S ASSOCIES?
- M&S ASSOCIES filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of M&S ASSOCIES due?
- By 31-07-2027, for financial year 2026.Timeline
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